Amid pandemic, direct selling industry grew by 20% last year thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
15 Jul 2021 / 11:00 H.
PETALING JAYA: E-commerce has become a saviour for retailers reeling from the industry’s worst performance in more than 30 years.
Online sales platforms such as Lazada and Shopee have reported large increases in the number of retailers signing up to sell their items online.
The switch to e-commerce is inevitable as sales are down more than 90% and many stores are on the verge of pulling down their shutters for good.
Non-essential retail sales outlets have been shut for the most part of the past 18 months as the nation grapples with an invisible enemy.
According to the Malaysian Retail Chain Association, the sale of non-essential items in Selangor and Kuala Lumpur has ground to a halt.
PETALING JAYA: Members of the retail sector have made an “urgent and desperate” plea to the government for all malls and retail outlets to reopen by July 15 or when the 10% Covid-19 vaccination target is achieved.
They said that as the shopping mall and retail industry contributed significantly to the economy, all efforts had to be taken to preserve the performance of the sector.
Malaysian Shopping Malls Association president Tan Sri Teo Chiang Kok said that the World Health Organisation (WHO) has warned against lockdowns, as they result in extreme economic damage, and that a flexible approach to managing the pandemic must be undertaken.
Speed shopping is fine but who keeps tab on the time? thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Thursday, 04 Feb 2021 02:54 PM MYT
BY SYED JAYMAL ZAHIID
MRCA said the current uncertainty as a result of the MCO will lead to more business closures and loss of employment. Picture by Sayuti Zainudin
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KUALA LUMPUR, Feb 4 ― Close to a third of small retail businesses have “collapsed” in the three weeks since the government enforced a second round of the movement control order (MCO) with more likely to fold if curbs are prolonged, the Malaysian Retail Chain Association said.
“The MCO extension is expected to depress the overall outlook for the retail industry which has been struggling since MCO 1.0 was implemented,” its president Shirley Tay told